Business
Expert Lists Measures To Tackle Power Problems
Prof. Adeola Adenikinju of
the University of Ibadan, has identified diversification of energy sources, decentralisation of electricity transmission and review of relevant electricity acts as measures to tackle challenges in the power sector.
Adenikinju who is the Director, Centre for Petroleum, Energy Economics and Law in the university, said this in an interview with newsmen in Abuja.
He said that it was unfortunate that the millions of dollars invested in the sector had not translated into the provision of adequate electricity for the people.
“We need to diversify more the sources of our power generation; licences have been issued for other alternative sources, but those alternative sources are not being developed.
“We have coal; we have renewable and many of them are not been look into why?
“We need to look at decentralised options like micro hydro, pico hydro, solar, renewable energy.“
He said it was important for government to review the electricity power reform act 2005 in line with international best practice of electricity value chain.
He also suggested the decentralisation of electricity transmission in the country, given the vast nature of electricity users in the country.
“ We need to re-visit our transmission act of the electricity value chain; people have suggested that why don’t we decentralise it; we can decentralise it, this is a very big country.
“The transmission lines are radial; they are designed such that if there is any break in transmission in any part of the country, the other part of the country will be affected. “
He called for regional decentralisation of transmission through the inclusion of private sector participation to boost electricity transmission in the country.
“If you generate, you don’t have the capacity to transmit what have been generated, then you are as good as not generated anything.
“But if we allow decentralisation, then we can allow the private sector to come in the process of transmitting also.“
He said it was relevant for distribution companies (DISCOs) to have an accurate data of electricity consumers under their jurisdiction.
He explained that non availability of accurate statistics on the users of electricity was responsible for the high losses recorded by the distribution companies.
“There are many customers that are not currently being captured because they are not captured and have resulted to lot of losses.“
He said that losses were possible due to people who were connected to electricity without making payment for their consumption.
The expert said that the losses were resulting in the non recouping of investment by the DISCOs.
This, he said, was reducing their capacity to invest in infrastructure needed for electricity distribution.
Adenikinju said that it was important for all the DISCOs to meter all their customers, adding that metering would encourage the consumers to pay their electricity bills and conserve energy.
“Metering also is very important; if you don’t meter houses and you give them bills that are very high, they are tempted to cheat in electricity payment.
He called on government to ensure that private operators in the sector did not operate under a harsh economic environment, adding that provision of incentives would encourage entrepreneurs to invest in the sector.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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